setting money goals (budgeting) Flashcards
1
Q
what are values?
A
beliefs and practices in your life that are very important to you
2
Q
what 5 things can influence your values?
A
- parents
- other family members
- religion
- things you read
- experiences
3
Q
what is a goal?
A
something you aim for– to be, do, or have
4
Q
mapping out a process is much easier if you know?
A
what you’re aiming for
5
Q
what goals should you also set?
A
financial goals
6
Q
what are short term goals?
A
goals you want to achieve in the next 3 months
7
Q
what are intermediate goals?
A
goals you want to achieve in 3 months to a year
8
Q
what are long term goals?
A
goals you want to achieve in more than a year
9
Q
what is a budget?
A
a plan for saving and spending income
10
Q
what is a monthly budget?
A
a budget established to anticipate expenses you must pay, such as rent, car payments, and food
